Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $112.00

Chesapeake Energy (NASDAQ:EXE) had its price objective increased by Wells Fargo & Company from $107.00 to $112.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 0.78% from the company’s previous close.

Several other research firms have also recently weighed in on EXE. Morgan Stanley raised their price objective on shares of Chesapeake Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Raymond James assumed coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price objective on the stock. Mizuho upped their target price on Chesapeake Energy from $132.00 to $136.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, UBS Group increased their price objective on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.35.

Chesapeake Energy Stock Down 2.4 %

EXE traded down $2.74 during midday trading on Wednesday, hitting $111.13. 1,850,099 shares of the company were exchanged, compared to its average volume of 4,201,875. The business has a 50 day moving average price of $104.48. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $114.03. The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 68.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, sell-side analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $99.50 per share, with a total value of $248,750.00. Following the purchase, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 58.00% of the stock is currently owned by corporate insiders.

Chesapeake Energy Company Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.